Former Rangers director Paul Murray has confirmed his 'Blue Knights' consortium, which is backed by investment firm Ticketus and supporters groups, have submitted a bid for the club.
Administrators Duff and Phelps said they were expecting several offers on Friday, among those the one from Murray and that of Sale Sharks owner Brian Kennedy.
Murray said in a statement released by Ticketus: "We firmly believe that our bid is in the best interests of the club and its fans."
He added: "We're ready to go, we have the finances in place and we want to get the club stabilised as quickly as possible.
"Like every other Rangers fan, I'd love there to be some certainty about the future of our club before next weekend's Old Firm game.
"It would provide a massive boost to the team and its fans ahead of such an important game. To our mind there is no reason why that can't be achieved - we hope the administrators will agree."